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welcome to "newsline." top financial opinions have brought their ideas and problem solving skills to a conference room in tokyo.
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they'll be discussing ways to lead the economic recovery and ensure growth. the imf meetings opened a few days ago. imf managing director are scheduled to give speeches at friday's meeting. they have been calling on leaders to take action to maintain confidence. things haven't changed much since the last time they gathered. some of those emerging nations met on the sidelines of the conference. brazil, russia, india and south africa want developed countries to speed u their rponse to the economic slow down.
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delegates at the meetings have spent a lot of time analyzing the situation in the euro zone. they'll have more numbers to go over today. unemployment in greece has worsened. one out of every four working age people are jobless and they are growing satisfied with their government's plan to increase taxes and cut social spending. the jobless rate was 25.1% in july. that's up 0.3 percentage points from the previous months. people between the ages of 15 and 24 are facing the toughest situation. their unemployment rate hit 54.2%. that means one in two is out of work. government leaders are negotiating with the eu and other organizations so they can receive more bailout funds as soon as possible. executives at a maj
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janese company appears to be dialing up a deal that will give them presence in the united states. softbank is considering acquiring sprint nextel. sprint nextel has more than 56 million subscribers. negotiations are to acquire more than two-thirds of the company's shares. it's expected to reach 2.8 billn. both firmsre providers for apple's iphone and they both use a high speed wireless communication protocol called long term evolution. the stronger yen is believed to be a factor in soft bank's decision in acquiring sprint nextel. they are hoping to vastly expand their network and customer base in the united states where the
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market is showing considerable growth. if successful the deal would lead to the creation of a te telecommunications wh more than 19 millionsubscrers. u.s. markets ended lower dragged down by lackluster earning reports. the dow jones extended its losing streak to four days. this is the lowest closing since september 11. we go to ramin who is at the tokyo stock exchange. what can you tell us? >> good morning. following the slight losses that we saw in new york we got to keep track of the tex sector following advance micro devices that cut its forecast. it fell nearly 9%. intel also fell. we're going to keep track of latest stocks here.
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let's have a look at the opening levels for the nikkei and the topix. 8,590 up for the nikkei. the negative playinghroughhe u.s. markets is still lingers in the background with the earnings and debt issues in the euro zone. we'll see if that comes back into play today. we're going to keep track of the share action for softbank today. we know that the shares of sprint an nextel jumped 14% o t news. that's going toake som big waves in the telecom and
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wireless. the flip side, if you will to the woes or the troubles that the exporters are experiencing with the strong yen. a little bit of a positive spin there because of the strong yen. we'll definitely be following a lot of shares within that sector. >> kathrwe saw some moves regar spain. >> that's been a major issue. let's have a look at the currency levels. we can see how we're doing so far in tokyo stock trading. look at the euro yen.
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101 now. 101.37. euro did get a bounce. it will take some pressure off the spanish government. we continue with imf and world bank meetings here in tokyo. for now the nikkei and the topix in the positive for this friday. back to you. >> always great to hear from you. hello i'm ron madison. bankers and leaders from more than 180 countries gather here in tokyo now. we'll speak to some of the world's leading financial minds this week on newsline.
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people around the world are congratulating the nobel winner in literature. he got the news while eating a meal and was surprised. he adds his novels tell stories from the viewpoint of ordinary people. something that transcends nationality and race. he says as long as authors have an interest in theufferingf regur people their works with include hints of social criticism. people across china are congratulating mo. he's the first chinese the earn the chinese prize in literature. the reaction differs from past response. they criticize the nobel
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committee from honoring a chinese born novelist with french nationality and an imprisoned democracy activist. they said committee members use the awards for political purposes. sales clerks are promoting a section dedicated to his work. one blogger says chinese literature has made it on to the world stage. observers say chinese people are celebrating himecau they believe ina is not only an economic super power but a globally recognized culture.
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government officials from china and japan have agreed to keep the lines of communication open. relations remain strained. china's financial minister counselled their attendants this week. china decided to use the occasion to protest japan's nationalization of the islands. he reiterated his country's stance the the islands are japan's inherit territory. he also repeated his country's position that the islands are china ea china east' easte' easte's terr.
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japanese and south korean representatives will hold talks next week with a u.s. diplomat to discuss north korea's nuclear program. the three officials sit down wednesday in tokyo. they will follow up on in discussions held by the country's foreign ministers who met last month in new york during tunited nations general assembly. the governments concerned
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about the noise created by u.s. military osprey aircraft. it's asked to central government to conduct an environmental impact assessment. the u.s. forces deployed 12 of the rotor aircraft earlier this month. surveys have measured noise levels similar to those carried inside factories. they are concerned if the u.s. military continues to operate the aircraft in the current manner it will negatively affect the lives of residents and the natural environment.
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>> reporter: defense ministers confirm there's no change to the exit strategy. they say that 75% of the population of afghanistan lives in areas where order is maintained by police forces. nato secretary general says the thdrawal pn is based on an objective analysis of the situation in the country. >> it's not because eyes have partners rush for the exit. it's not because of lack of cohesion within our coalition. on the contrary. we have agreed to hand over to the afghans and as they step
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forward, our troops can step backwards. >> reporter: about 100,000 troops, including the u.s. are deployed. they are training police personnel to fill the void after troops leave the country. trust between the two sides is being undermined by a series of recent insider attacks. international soldiers have been killed by afghan military or personnel or people wearing afghan uniforms. at the meeting the defense
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ministers agreed to continue task after pulling troops out. they also decided to draw up concrete withdrawal plans by early next year including the number of personnel and budget. as the date for complete exit of troops approaches it's imperative for nay to to restor security. all criticism of the exit plan will intensify. it looks like a large flying insect but it's a manmade device to make disaster response more effective. it's being used by japanese company to reach damed sites that are hard to reach and send back high resolution video.
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we have the story. >> reporter: a strong object flies into sight. it takes pictures. it can shoot video like this. they photograph disaster areas in japan. >> translator: the unique thing about this unmanned copter is it can go places where humans cannot, take photos and gather valuable information. >> reporter: four years ago the team made this unmanned aircraft guided. it flies to location, takes pictures and returns. at the end of march last year
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the aircraft made headlines. it flew over the major nuclear plant in fukushima right after the disaster. from a height of 400 meters it took high resolution photos. this shows the first details of the damage. it provided crucial information on where to spray water and how much. unti now the company would only take still pictures after fukushima they decided to take aerial cam that takes 3-d images. their goal was to get a bird's eye view. they decided to use the copter, a kind of helicopter that has six rotors.
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it lifts off controlling speed and direction is easy. the team hasstudied taking pictures. one person controls the copter. the other, the camera. they try to send the copter under the bridge. as the copter rise, part of it gets in the shot. the camera is so good it can even though the texture of rocks and it can record clear moving
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images of places people can't reach from the ground. >> translator: we aim to get information out as quickly as possible. if there's play where the multicopter can take film, we'll fly it there. we want to be a pioneer in this kind of aviation. >> reporter: with their bird's eye view they have achieved their ambition by providing photos of unreachable places. musicians from the u.s. and japan have come together for special colloration. they can't rlly communicate with words but they speak an international language, music and hardship united them and helped them form a lasting
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connection. >> reporter: this isn't your average jazz festival. young musicians groove together on stage. they share a rhythm and a special bond that extends beyond borders. it's a bond that formed seven years ago in the wake of hurricane katrina. the storm slammed the gulf of mexico killing nearly 2,000 people. new orleans took a direct hit. residents lost their homes. one school o. perry walker high lost its instruments. a nonprofit association of jazz fans in japan immediately sent funds and in doing so help revive the spirit of a city with a rich jazz history. fast forward six years to march
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2011. this time musicians in japan's northeast are struck by disaster. the tsunam pummelled the port and taking away the instruments of the city jazz band. they swing dolphins couldn't swing anymore. a month after the disaster the dolphins were back on stage and playing new instruments most of them donated thanks to the efforts of jazz musicians in new orleans. the o. perry walker high school band never forgot the help they received after katrina. they organized congress serts to raise money for their japanese friends. >> i was in the sam predicament
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five, six years ago and it gives us the opportunity to help them like they helped us. >> many of us lost our instruments. we were able to play again. i was so excited. >> reporter: these young people relate to one another through music and through the experience they've had dealing with the disaster. >> translator: if we didn't have music, i don't think we could have overcome the disaster. i'm glad i had music in my life. >> translator: there are certain things you wouldn't understand unless you've gone through a disaster. for them to come over here to
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play has given everyone a big morale boost. >> reporter:ow these musicns have become each other's biggest cheerleaders. >> things will get better. you have to keep pushing on and believing that you can do. you can't just sit back and watch it happen. you have to take a proactive role in making it happen. >> i was very happy when the music instruments come from new orleans. i'm also glad toeet you. thank you very much. [ applause ] >> reporter: this was the first collaboration between these young jazz lovers and they say it won't be their last.
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let's check weather conce s conditns around the world wp let's start with japan. >> it was quite stormy in the northern half of japan. breaking standard record for the month of october. we have some footagecoming. it was taken at 4:30 over the sea of japan. no damage and injuries have been reported but quite stormy yesterday. things are going to change. conditions are improving in parts of northern japan. flooding is likely. as for the rest of japan blue skies, nice clear skies and the situation for the korean
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peninsula and the east of china. as this tracks east the rain will intensify. the northern half will continue to deal with drenching rain. out towards the east more heavy rain is coming down over the waters. this is due to typhoon. it's been upgraded into a very strong typhoon. continue to move at a slow pace over the next several days. waves could hit five meters today. there's a possibility of it moving through the okinawa islands or taiwan early next week. temperatures are as follow. getting up to 24 degrees in beijing. warmer than average out west. looking li wintry. some snow showers are possible. down towards the south 19 in
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chongc chongching and 29 expected in hong kong. let's go over to the americas. we have a newly formed tropical storm. this is patty. it's situated northeast of the bahamas. it's approaching these islands. some showers and heavier rain as when he had into the weekend. as for the rest of the americas, a strong low is situated over the east and canada producing lots of heavy rain. another system producing rain and snow in southern ontario. cold precipitation across the great lakes.
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out toward the west a low which is containing cold air aloft. bringing heavy rain as well as thunderstorms and mountain snow. colorado is expecting to see the first significant flsnowfall. the c nadiaockies h be seeing snow showers. here is your extended forecast.
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that concludes this edition of "newsline." do stay with us.
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PBS October 11, 2012 5:00pm-5:30pm PDT

News/Business. World events, business news and weather forecasts; broadcast in English. (CC) (Stereo)

TOPIC FREQUENCY U.s. 7, Tokyo 6, China 5, Us 4, Nextel 3, Imf 3, New Orleans 3, Newsline 3, Softbank 2, New York 2, Katrina 2, O. Perry Walker 2, Himecau 1, Terr 1, Nikkei 1, Ron Madison 1, Sprint Nextel 1, Apple 1, Ramin 1, China Ea China East 1
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